Credit Advice

Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!

Question

Posted in Credit Cards
Profile Image

Question By
arussell10

0 Contributions
0 People Helped
Is there a way to pay off all debt from multiple accounts to one agency?

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW
All Responses

Results 1-2 of 2Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
Top Contributor
91 Contributions
79 People Helped
Most Helpful Response

There is, but don't go that way

Helpful to 1 out of 1 people

You can consolidate debt (the best way mentioned by other member: personal/consolidation loan). There as many debt consolidation agencies available too, but you don't want to go that way. Debt consolidations is not only hurtful to your score, but is also expensive in long term. Try talkking to then banks for help. No matter what, pay the accounts yourselves.

Top Contributor
432 Contributions
364 People Helped

Helpful to 1 out of 1 people

As far as I know the only way to do this is with a debt consolidation loan, which I consider to be detrimental to your credit. (Others may have other opinions.) If you have the means to pay one company for your debts then you would likely be much better off paying them individually, on time. This will give you the on-time payment history that you need to maximize your credit score increasing.

Results 1-2 of 2Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW

Reply to this Question

Write your response:
Enter Your Comments

The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.